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Markit U.S. Manufacturing PMI™ – final data

Zone(s): USA ¦ Sector(s): Economy (Manufacturing)
[2 June 2014, Markit Economics] Statistics for Markit U.S. Manufacturing PMI™ – final data show the sharpest rise in production levels since February 2011.

Key points:

  • Manufacturing PMI hits three-month high…
  • …led by stronger output growth in May
  • New export orders increase at fastest pace since July 2013

May data signalled that output growth in the U.S. manufacturing sector continued to accelerate through the second quarter of 2014, supported by another sharp improvement in new business volumes. Greater production requirements and efforts to rebuild stocks of purchases meanwhile contributed to a survey-record increase in input buying during the latest survey period.

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